The Manheim Used Vehicle Value Index certainly is consistent to begin 2018. According to Cox Automotive chief economist Jonathan Smoke, the index reading for February landed exactly where it did in January — 131.0. While the reading showed wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) remained flat month-over-month, the February figure […] [Read More]

When people think about automobile advertising, they probably think about mass-market tactics, from newspaper ads to epic Super Bowl spots. But automobile advertisers know that to move more cars from lots, they have to think locally.   Thanks to the internet, automotive dealers are using data in new and creative ways to reach consumers and […] [Read More]

dealerAffinity introduced Wednesday its leadAffinity online lead generation platform that is designed to capture in-market leads on a dealer's website. This follows the company’s January announcement that it has joined the expanding CDK Global Partner Program this year. The dealerAffinity solution suite provides online trade appraisals, live web chat with text messaging and on-site auctions […] [Read More]

Carlease announced Wednesday that it has appointed Cars.com 's former president and founder Mitch Golub to serve as chairman of its board. This follows news from last month that the company has raised $3.5 million in an initial funding round led by venture capital firm Lightbank, along with a group of auto industry veterans that […] [Read More]

A new report recently released by White Clarke Group explored the most important global issues facing the auto finance industry. Two challenges became clear when the firm reached out to top company executives. White Clarke Group’s Global Auto and Equipment Finance Report 2018 revealed that industry executives rank digitalization as one of the most important […] [Read More]

This week, White Clarke Group released its annual Global Leasing Report; a thorough guide to the world’s top 50 leasing markets. Group chief executive officer and report author Brendan Gleeson highlighted that the newest installment revealed a “confident” industry outlook, with the top 50 countries in 2016 reporting growth in new business volume of 9.40 […] [Read More]

More collaboration developed in an effort to enhance the efficiency — and compliance — involving vehicle repossessions and recoveries. Allied Finance Adjusters (AFA) and Vendor Transparency Solutions (VTS) recently entered into an exclusive joint venture agreement that executives say will add value to both members of AFA, subscribers of VTS and the clients utilizing the […] [Read More]

Axis Auto Finance has signed a share purchase agreement to buy subprime finance company Trend Financial, the company announced late Tuesday afternoon. It’s a move that doubles the Axis portfolio — putting its net finance assets to roughly $110 million — and brings its “largest director competitor” into the fold, says the company’s president. Additionally, […] [Read More]

Hyundai Motor America announced Wednesday that it has begun launching vehicles for sale on Carfax Used Car Listings. Along with access to a free Carfax Report with every Hyundai Certified and non-certified vehicle, online shoppers who visit Carfax.com can now choose to see only Hyundai CPO vehicles in their search results. “Our certified program has grown significantly […] [Read More]

Online auto marketplace CarGurus rolled out three new TV advertising spots Wednesday to launch its second mass-media brand campaign. The three 30-second TV spots to kick off the “Everything You Need to Know”  campaign are airing on broadcast and cable networks, and coincide with national YouTube, Facebook and digital marketing efforts, CarGurus said in a […] [Read More]